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See attached work book accounting 1 please do questions 1-3 for journal transaction posting journal entries to t-accounts Rec Group A P2a29A Journalizing transactions, posting

See attached work book accounting 1 please do questions 1-3 for journal transaction posting journal entries to t-accounts

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Rec Group A P2a29A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Vincent anwoml practices medicine under the business title Vincent Yarwood. M.D. lhitiiig july. the medical pmctice completed the Following transactions: m m mw4w Jul. 1 Yarwood contributed $638,000 cash to the business in exchange for capital. 5' Paid monthly rent on medical equipment, $550. 9 Paid $l7,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $l,800. 19 Borrowed $24,000 from the bank for business use. 22 Paid $l,7OO on account. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $290 31 Revenues earned during the month included $6,000 cash and $5,500 on account. 31 Paid employees' salaries $2,000, office rent $l,OOO, and utilities $550. Record as a compound entry. 31 The business received $l,260 for medical screening services to be performed next month. 31 Yarwood withdrew cash of $7,400. M The business uses the following accounts: Cash; Accounts Receivablc; Office Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; N0tes Payable; Yarwood, Capital; Yarwood, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. {equirements l Journalize each transaCtion. Explanations are net required. 2. Post the journal entries to the Tvaccounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bail. ' > .3 Prepare the (trial balance of Vincent Yarwood, MD, as ofluly 31, 2017. v

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